Park National Corporation (AMEX:PRK) will begin trading ex-dividend on November 19, 2020. The quarterly dividend payment of $ 1.02 per share is scheduled to be paid on December 10, 2020. The dividend yield based on the latest trading day closing price was 3.97 percent. Shareholders who purchased PRK shares prior to the ex-dividend date are eligible for the cash dividend payment.
Dividends History
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Park National Corporation recently reported third quarter financial results on October 26, 2020, after market close, the Newark based company disclosed income for the third quarter of $ 1.88 per share, from the revenue of $ 120.40 million. The quarterly earnings surged 6.21 percent while revenues enlarged 14.41 percent compared with the same quarter last year.
The consensus estimates are income of $ 1.62 per share from $ 109.20 million in revenue. The bottom line results beat street analysts by $ 0.26 or 16.05 percent, at the same time, top line results outshined analysts by $ 11.20 million or 10.26 percent.
Stock Performance
On Friday, shares of Park National Corporation has traded high as $ 104.02 and has cracked $ 98.30 on the downward trend, reaching $ 102.77 with volume of 57.70 thousand shares.
According to the previous trading day, closing price of $ 102.77, representing a 52.80 % increase from the 52 week low of $ 64.53 and a 8.13 % decrease over the 52 week high of $ 107.32.
The company has a market capital of $ 1.68 billion and is part of the Financial Services sector and Banks – Regional – US industry.
Park National Corporation operates as the bank holding company for Park National Bank that provides commercial banking and trust services in Ohio and Northern Kentucky. It offers deposits for demand, savings, and time accounts; trust and wealth management services; cash management services; safe deposit operations; electronic funds transfers; Internet and mobile banking solutions with bill pay service; credit cards; and various additional banking-related services for individual customers. The company also provides commercial loans, including financing for industrial and commercial properties, financing for equipment, inventory and accounts receivable, acquisition financing, and commercial leasing, as well as for consumer finance companies; commercial real estate loans comprising mortgage loans to developers and owners of commercial real estate; consumer loans, such as automobile loans and leases; consumer finance services; home equity lines of credit; and residential real estate and construction loans, as well as installment loans and commercial loans.
